Token migration
Move a token community onto Manci.
A company that already issued a token on Solana can give its holders units of its share class on Manci. Holders deposit the old token during an opt-in window and receive units at a ratio published in advance.
Open campaigns
No campaign is open right now.
Open campaigns appear here with their ratio, window and Swap Terms.
How a migration works
The company decides
Its shareholders decide what share of the company goes to the token's holders, and the Swap Terms set the ratio, the opt-in window and what happens to units nobody claims. The document's SHA-256 is published with the campaign.
Holders deposit whole lots
During the window, a holder sends exact multiples of the lot from its own wallet to the campaign's deposit account, with a memo naming the campaign. Each deposit is checked on chain once it is final.
Manci delivers the units
Manci's operator sends each holder its units of the company's share class from the treasury wallet. A deposit that breaks the campaign's rules (not a whole number of lots, outside the window, over the cap) is refunded to the wallet it came from.
The campaign closes with a report
After the window, the collected old tokens are burned as the Swap Terms provide, and a final report lists every deposit, delivery and refund. Its SHA-256 is published, so anyone can check the file they download.
Units are tokens of the company's share class, held in the holder's own wallet. The Swap Terms of each campaign define what the units represent; the exchange itself needs no identity verification, while converting units into a registered ownership stake later is a separate step that requires KYC, where it is offered.